Alston & Bird advised Graphic Packaging Holding Company on the sale of its bleached paperboard manufacturing facility in Augusta, Georgia, to Clearwater Paper Corporation. The transaction value is approximately $700 million.
Representing Graphic Packaging was an Alston & Bird team led by partners Scott Kitchens and Justin Howard and senior associate Matt Strumph (Corporate & Business Transactions); partner Doug Arnold and senior associate Hillary Sanborn (Environment, Land Use & Natural Resources); partner Amber Pelot (Real Estate); partner Brian Harvel (Federal & International Tax); and partner Paul Hespel and counsel David Rutherford (Corporate Debt Finance).
For more information, please see the press release issued by Graphic Packaging.